We are very pleased to announce the official collaboration between the IGA and the Project “Geothermal Heat Utilization for Industrial Processes in the SICA member countries”, implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ).

The collaboration mainly aims at examining and strengthening geothermal direct use activities in the eight member countries of the Central American Integration System (SICA). The joint activities in the next three years will focus on the establishment of a strong regional network, knowledge transfer and capacity building. Last but not least the implementation of demonstrative projects is the main focal point and helps significantly to bring new, efficient and innovative technologies to Central American industries and agriculture companies.

IGA Executive Director Marit Brommer upon signing the MoU with GIZ:
“On behalf of the IGA I am very pleased and excited signing the MoU between IGA and the GIZ-Project. We are embarking on the next steps for future collaboration in the Central American Region to drive geothermal entrepreneurship, create growth and plan for action on the ground. The network and intrinsic knowledge of the IGA combined with the geothermal development project of the GIZ and partners is the recipe for success, and we are looking forward making a difference for the local communities, businesses and our members.”

GIZ Project Manager Ana Lucia Alfaro said:
“Contributing to sustainable development in SICA member countries (Central America and Dominican Republic) and supporting the emission reductions through geothermal energy direct uses are part of our commitments. Today we celebrate bringing in important partners like IGA, this will enforce the benefits for the region.”

We are happy to embark on this journey together with strong partners, supporting and helping each other in our mission to contribute to the carbon free future and mitigate the climate change by highlighting the benefits of the geothermal energy source and direct uses.

The new Geofutures Greeninvest project website has been launched.

The GeoFutures Facility is an insurance-based risk finance fund that will crowd-in international and national private sector investment into the geothermal power sector in East Africa (the “GeoFutures Facility”), with an initial focus on Kenya and Ethiopia.

GreenInvest is a grant funded initiative arising from Parhelion’s work to further develop innovative insurance products to facilitate the financing of climate sustainable enterprises.

Read about the work we do and find out more about our key partners here.

We at the IGA are delighted to embark on this journey and work with Parhelion and partners on the ‘GeoFutures – GreenInvest’project. We are active in 64 countries around the globe and serve our 6000 members through 35 affiliated country organisations. East Africa is a key region and offers an unlimited potential for harnessing the geothermal resource. Mobilising insurance underwriting capital to de-risk geothermal investment opportunities is crucial to see the actual projects implemented on the ground. We are looking forward to build the expertise in East Africa and simultaneously to engage in conversations with the wider geothermal sector to see the results transferred in other key geothermal markets and regions as well.


Press contact:
Dr. Marit Brommer, IGA Executive Director
E-Mail: marit@lovegeothermal.org


P4G news: https://p4gpartnerships.org/partnership/geofutures-greeninvest

The developing of Specifications for Application of UNFC-2009 to Geothermal Energy Resources was carried out under a Memorandum of Understanding between UNECE and the International Geothermal Association signed on 19  September 2014. Under this MoU, the IGA agreed to develop Specifications and Guidelines for the application of UNFC-2009 to geothermal energy and to maintain them evergreen in a manner consistent with their proper application through regular and periodic review.

More information: https://www.unece.org/energywelcome/areas-of-work/unfc-and-sustainable-resource-management/applications/energyseunfc-re/unfc-and-geothermal-energy.html